We document the impact of the Covid-19 pandemic on large-scale firms in Nepal and their response to the new challenges using a mixed-method approach. We find that the average monthly production, revenue, profit, and employment in almost all types of large-scale firms in Nepal decreased during the pandemic. Among the different types of firms in Nepal, tourism sector firms were the most affected, whereas energy firms were among the least affected. We find that the age, sex, educational qualification, work experience, managers’ skills and foresight, age of the firm, total capital, type of ownership and sector of firms were the key factors moderating the impact of the COVID-19 pandemic on large-scale firms.
